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Small and Medium-sized Businesses

My Lords, I thank the noble Lord for giving way. Before the noble Lord passes from the benign or otherwise influences of the EU, would he care to mention that the surveys of small firms, and many larger ones, show that over 40 per cent of the regulations that they find so inhibiting and damaging come from the EU? I imagine that that more than counterbalances any of the aid which it gives to Europe in the first place, which is redistributed back to this country and falls finally, if at all, on small businesses. There is a huge negative flow of so-called help from Europe of massive over-regulation. I hope that the noble Lord will mention that before his remaining two minutes are up.